Honda is pulling out of Formula One, blaming the world economic crisis for plans to sell its team.

The decision leaves Englishman Jenson Button and 2009 team-mate Rubens Barrichello without drives, with only a few mid-ranking seats still available.

Honda, which spent more than £300m a year on F1, said it would also no longer supply the sport with engines.

The team say they are optimistic they will find a buyer who will enable them to continue in the sport. Chief executive Nick Fry said he has had three approaches already. But a deadline of January has been set to find an investor and workers at Honda's Brackley base have been told to expect redundancy letters before Christmas.

This a Massive Masive Shock! This is a big chance for Button - He should go to Ferrari on Mclaren and team up with Lewis Hamilton.
http://news.bbc.co.uk/sport1/hi/moto...ne/7766092.stm